Quetta Data Centers, the platform created by Azora in collaboration with Core Tech Capital[1] for the development of Edge and AI data centers, begins construction of its Tres Cantos (Madrid) Data Center, whose capacity has been doubled to 20 MW. In addition, the company continues its expansion with the launch of its first project in Barcelona, located in Molins de Rei, with construction already underway. With these milestones, the company advances the deployment of an eco-efficient “edge” data center network, AI-ready, low-latency, highly connected, powered entirely by renewable energy, and with net zero water consumption.
Quetta’s strategic plan includes the construction of six Edge data centers in Spain and Portugal, featuring closed-loop liquid cooling (DLC), net zero water usage (WUE 0), and a PUE below 1.15, with an expected investment exceeding €500 million. The Molins de Rei project in Barcelona and the expansion of the Madrid data center enable Quetta to reach a total capacity of 30 MW, representing 50% of the overall target of 60 MW.
Azora launched Quetta Data Centers in 2024, in collaboration with Core Tech Capital[2], combining operational and execution capabilities to deploy a network of proximity data centers. Since then, the project has relied on a team with over 25 years of sector experience and continuously evolving technology, capable of adapting to the unique challenges of each location while maintaining efficiency, resilience, and sustainability standards from design to operation.
According to Santiago Olivares, partner in charge of energy, infrastructure, and sustainability investments at Azora:
"We see a clear opportunity in developing a network of sustainable proximity data centers. Our strategy prioritizes assets capable of generating economic growth while adhering to the highest environmental standards: 100% renewable energy, zero water consumption, and energy efficiency."
For his part, Paco González, founding partner of Core Tech Capital[2] and CEO of Quetta, commented:
"With the start of construction in Barcelona and the power expansion at our Madrid facilities, we continue advancing the creation of a network of sustainable, resilient, and AI-ready data centers. All of them incorporate closed-loop liquid cooling (DLC) technologies, operate on 100% renewable energy, consume no water, and implement solutions that guarantee maximum energy efficiency, as well as a flexible architecture optimized for all types of clients."
Driven by the growth of the digital economy, the data center sector is undergoing a phase of strong expansion, with accelerating demand to support new workloads in artificial intelligence, streaming, gaming, augmented reality, the Internet of Things, and other emerging technologies.
Azora, operating in the pan-European and U.S. real assets markets, is a leading alternative investment manager with €14.6 billion in assets under management. For more than 20 years, Azora has successfully developed and managed value-added investment strategies based on global megatrends, with particular focus on operationally intensive asset classes. To date, Azora has achieved a combined net IRR of 19% across all its investments, leveraging its expertise to provide investors with exceptional long-term value and alpha. Founded in 2003 by Concha Osácar and Fernando Gumuzio, Azora employs over 600 professionals across three offices in Europe and the United States. Azora prides itself on its inclusive and entrepreneurial culture, and on its vision to drive positive change in the world through its commitment to the highest levels of environmental and social sustainability.
This year, Azora has strengthened its commitment to the data center sector with the creation of Tillion Data Centers, a platform focused on building and operating large-scale data centers for companies requiring maximum processing capacity in highly efficient and connected environments, including cloud computing and AI model training.
Core Tech Capital is a firm specialized in designing, creating, and managing technology investment vehicles, with extensive experience in sectors such as data centers, artificial intelligence, cloud, and digital services.
Founded by Paco González, a recognized digital industry entrepreneur, together with five partners with over 25 years of experience in disruptive technologies, the firm has strengthened its AI strategy this year with the launch of cartagon.ai, the first Neocloud platform in Southern Europe, aimed at providing advanced computing capabilities through the rental of NVIDIA GPUs for corporate applications.
[1] Formerly Core Capital Investments.
[2] Formerly Core Capital Investments.
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